Is Your House Residing in the Land of Misfit Homes?
How many offers are shoved down the chimney each night?
Is that was what you were expecting?
So, which is it? Is your house a misfit or is your price a misfit?
Fairy tales rarely come true.
Your competition in this market is mixed with REO's and short sales.
Even a magic wand can't over come $100k...but...there is a glimmer of hope.
First, the inventory of dirt cheap homes is subsiding.
Second, (if your house isn't an eyesore) sales of existing homes are up nationally over 7%.
Third, Traffic on your house should be up. If it's not, it could be a misfit.
If you get 50 showings and no offers....It might be the price.
If you reduce a nickle at a time and still get no offers....It might be the price.
There are many ways to induce offers, and one of the best ways might be about the price. (remember it must present well - no fleas)
A final note: geographically, the the land of misfit homes borders the land of misfit prices.
No sleigh required.
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